Financial Services Institute Inc. (FSI)
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Broker groups step up political spending early in election cycle
Groups representing brokers and investment firms have stepped up their political spending this year, while adviser advocates have slowed down their campaign contributions.The Securities Industry and Financial Markets Association, the major industry trade organization, contributed $261,198 to
Obama encourages statewide retirement plans
President directs Department of Labor to propose rules by the end of the year to provide a “clear path” for states.
Finra board candidate wants to keep organization from 'antagonizing' members
A candidate for Finra's board of governors has launched what he calls a “dissident campaign,” asserting he will try to prevent the regulator from “antagonizing” members, especially independent broker-dealers.
Top GOP senators pressure DOL on fiduciary-duty timetable
GOP senators, including those with oversight of the agency, are among three dozen co-signers of a letter to Labor Secretary Thomas Perez seeking more time to comment.
Brokerage industry lobbying dollars dwarf investment advisers'
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
Financial industry asks DOL for more time on fiduciary rule
Groups say they need an extra 45 days above the 75-day comment period to respond.
Are brokers being branded with a scarlet 'S'?
Proponents of a fiduciary standard are ganging up on commission-based advisers through public shaming regarding the Suitability standard.
DOL head says fiduciary standard will happen
Secretary Perez has confidence his agency will complete work on the rule before Obama's term ends.
With Obama's push, is fiduciary a done deal? Not so fast
Advisers, experts weigh in on DOL fiduciary rule's prospects and what it might end up looking like.
DOL fiduciary rule stalls again as brokerage industry makes last-minute push against it
The Labor Department's proposal to impose a fiduciary standard on retirement advisers has stalled as the brokerage industry makes one more, eleventh-hour bid to change it.
Prepping the advice business for cybersecurity laws, and vice versa
FSI sets sights on shaping any legislation dealing with data breaches and privacy to avoid 'one-size-fits-all.'
FSI to zero in on state advocacy this year
Group set to launch lobbying days in Florida, Texas, New York and California.
Cetera president blasts White House memo defending DOL fiduciary
Arguments continue on both sides about the merits of the recently-leaked White House memo and what it means for the standard's future prospects.
10 developments to watch in the independent broker-dealer industry in 2015
Advisers and their independent broker-dealers saw movement last year in regulation, investment products, business strategies, retirement vehicles and more. Here are 10 of the hottest topics, which are sure to continue to evolve as the year unfolds.LPL strapped with compliance chargesLPL Financial,
FSI to fight rollout of auto IRAs
As Illinois pushes ahead with its automatic retirement savings account program, the Financial Services Institute argues the savings plans pose competition to advisers and will work to discourage other states from following suit.